Metamaterial Inc. and Metamaterial Technologies Canada Inc.

Metamaterial Inc. and Metamaterial Technologies Canada Inc. have been in insolvency proceedings in Ontario since July 26, 2024, and the matter remains active. A Statement of Affairs for Metamaterial Inc., prepared as at July 11, 2024, puts total assets at $1.00 against total liabilities of $164,656.10, leaving a deficiency of $164,655.10 and no surplus. The estimates record no secured creditors, no preferred creditors and no contingent or other liabilities. The liabilities are unsecured claims: $164,406.10 owing to Rank Incorporated and $250.00 owing to the Canada Revenue Agency.